(Reuters) – US refiner CVR Energy said on Tuesday it would buy two refineries and the marketing business from Marathon Petroleum for about $4.2 billion, nearly doubling its refining capacity. Marathon shares rose 2.2% in premarket trading, while CVR slid 1.3%. The deal includes Marathon’s St. Paul Park refinery in Minnesota and Mandan refinery in …
Energy producers maintain output targets amid Middle East supply disruptions, market uncertainty and upcoming negotiations over future production quotas. By EnergyNow Media OPEC+ has confirmed it will maintain existing oil production targets through December 2026, following a November 1 meeting that saw seven major oil-producing nations agree to hold output levels steady while preparing for …
EnergyNow Morning Oil Price Report Report Date & Time: November 3, 2026 – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is moving higher, with the latest independently verified quotation at US$98.06 per barrel, up US$1.60, or 1.66%, from Monday’s official settlement of US$96.46. Oil is recovering following Monday’s dramatic selloff. Brent …
MIDLAND, Texas, Nov. 02, 2026 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2026. THIRD QUARTER 2026 HIGHLIGHTS Average oil production of 525 MBO/d (1,034 MBOE/d) Net cash provided by operating activities of $2.6 billion; Operating …
By Dominique Patton Report keeps forecast for oil demand to peak around 2040 unchanged TotalEnergies projects global gas demand to rise 12.5% from 2025 to 2035 Electricity demand is projected to nearly double to 59,300 terawatt hours by 2050 PARIS, Nov 2 (Reuters) – TotalEnergies (TTEF.PA) sees potential for the war with Iran to accelerate …
TotalEnergies Says Iran War Could Accelerate Energy Transition Read More »
By Maha El Dahan, Stephanie Kelly and Federico Maccioni ADNOC says it becomes first energy firms to deploy OpenAI frontier tech ChatGPT maker CEO Sam Altman attends UAE biggest oil show Abu Dhabi media office says more OpenAI deals signed, including with Mubadala ABU DHABI, Nov 2 (Reuters) – Abu Dhabi’s ADNOC and artificial intelligence …
Abu Dhabi’s ADNOC, G42 Sign Deal With OpenAI as Sam Altman Travels to UAE Read More »
By Dominique Patton PARIS, Nov 2 (Reuters) – French oil major TotalEnergies (TTEF.PA) is benefiting from concerns about future growth in the US renewable energy market and taking on more projects as other developers seek to exit, CEO Patrick Pouyanne said on Monday, describing the market as “promising” despite an upcoming reduction in policy support. …
TotalEnergies Spending More on US Renewables as Others Exit, Says CEO Read More »
(Reuters) – US LNG exports climbed to their second-highest monthly level on record in October as producers boosted output to capture strong European demand and multi-year-high natural gas prices, according to LSEG data. Exports to Europe rose to 6.89 million metric tons in October, up nearly 1 million tons from 5.91 MT in September, LSEG …
US LNG Exports Hit Second-Highest Monthly Level on Record as Europe Demand Surges Read More »
Nov 2 (Reuters) – US shale producer Diamondback Energy (FANG.O) surpassed Wall Street expectations for third-quarter profit on Monday, helped by higher output and elevated global oil prices amid supply disruptions stemming from the Middle East conflict. The Iran war, now in its eighth month, has disrupted energy supplies and shipping through the Strait of …
Diamondback Energy Beats Profit Estimates as Iran War Lifts Oil Prices Read More »
(Reuters) – As the US midterm elections approach, Corporate America is bracing for a potential shift in the balance of power in Washington. In case of a strong Democratic showing, analysts and strategists say clean energy, housing and healthcare stocks could benefit, while AI, data center and defense names may draw greater scrutiny from lawmakers. …
Sectors Bracing for a Pivot as US Midterm Elections Loom Read More »
